War could cause 'worst industrial crisis in living memory'

War could cause 'worst industrial crisis in living memory' The war in the Middle East could cause the "worst industrial crisis in living memory", the head of the International Chamber of Commerce has warned. "The head of the International Energy Agency has warned that the world is facing an energy crisis more severe than the oil shocks of the 1970s," said John Denton. "From a business perspective, we believe this could yet become the worst industrial crisis in living memory - not only because of surging energy pric